I advocate going into neighborhoods that are safe and cost significantly less than others. However, when searching for these gems of cash flowing investments, I see frustration sometimes when people are searching, and just wanted to make things very clear: IN THIS PRICE RANGE, YOU’RE GOING TO HAVE TO KISS A FEW FROGS BEFORE FINDING YOUR PRINCE. So take a
Chad Carson was a broke college student with no work history or W2, so couldn’t get a loan from the bank. We’ve all been there for some reasons or another. Well, Chad turned that hustle (a little awkwardly at first), but got this down to a smooth science. Now, even though he CAN go to the bank, he still won’t,
Now, if you’re on my site (and especially in really expensive cities), Investing in mobile homes has to be an option for you. Don’t worry, just like low income neighborhoods, the returns are excellent, and it really doesn’t have to be that much more work. Let’s all be inspired to: +Listen how you can own property for all in costs
When you’re a new investor starting out, you hear so much advice from experienced investors, its really hard to determine a strategy on where to start. I have one bit of advice for you, to help break this real estate investing thing down, and give you a model that can help make you comfortable getting started in real estate investing:
When you’re new to real estate investing, there are many different variables that make submitting bids and purchasing a house a bit intimidating. When you mix in the fact that you need to put down a deposit (earnest money deposit), this makes the process even more anxiety filled. However, two protections that are often included in all sales contract, even
Today on Biggerpockets, I would like to discuss PrePay Legal Services. I have used pre-paid legal services over the past year, and I definitely recommend their services! Although there are many positives, there are also draw backs. What I want to focus on in this video – do you get the quality you need from such a small fee/yearly fee?
This is part 2 of the series, “I’m not going to live there so I’m not going to pay for ______.” From biggerpockets. View original article here!: As a new investors, especially in low income neighborhoods there is a mindset that some people suffer from called the “I’m not going to live here” mindset. There can be times when it
BiggerPockets Reblog! View original article here! This is part 1 of the series, “I’m not going to live there so I’m not going to pay for ______” As new investors, and especially in low income neighborhoods, there is a mindset that some people suffer from. It’s the “I’m not going to live here” mindset. There can be times when it
Now that I’ve given you a system for finding high cash flowing working class neighborhoods and properties, I need to emphasize this: You can NOT drop the ball on the tenant screening! You NEED to screen your tenants. It is not a myth that in these neighborhoods, there is a higher chance of getting someone who’s money is stretched tight.
See Original Vlog Post Here! Since I am on the ground in working class neighborhoods, I always try to find out the story of how that neighborhood became so distressed with low prices. I always find out that these houses used to be in great neighborhoods 20, 30, 40 years ago – but when the jobs left, the neighborhoods began